Hurco (HURC) is a tiny industrial company with almost no coverage, but size and popularity are no barrier to solid performance. Once again Hurco surprised investors with better than expected financial results, and while the company's largest market is seeing tougher conditions, the value in this stock is still worth considering.
Another Solid Quarter
Hurco reported 29% revenue growth for its fiscal first quarter, with Europe leading the way at 41% growth. Sales in North America rose 14%, while sales to Asia-Pacific rose 19% (but are only about 12% of the total). On a unit basis, North America saw 4% growth, while European shipments grew 25%.
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Earnings Recap: Hurco's Results Surpass Estimates
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